Banking and Economy Current Affairs Quiz - September 2015

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1. Telecom service provider _____ upgraded landline broadband speed to minimum 2Mbps at no additional cost for all broadband customers ?

MTNL
BSNL
Airtel
Tata Teleservices
None of These


2. Government approved _____ scheme for ex-servicemen to provide uniform pension to ex-servicemen of same rank and same length regardless of date of retirement. ?

One Rank One Pension
Swawlamban
Swabhimaan
Saksham
None of These


3. ______ Government will train over 50,000 employees as part of its Key Result Area (KRA) programme to enhance their performance in competence with corporate sector ?

Rajasthan
Gujarat
Maharashtra
Madhya Pradesh
None of These


4. ______ acquired Silicon Valley-based startup Reduce Data, a programmatic display advertising platform ?

Flipkart
PayTM
Amazon
Snapdeal
None of These


5. ______ General Insurance tied up with Catholic Syrian Bank (CSB) for sale of Insurance products through Over 430 branches of Kerala Based Catholic Syrian Bank ?

SBI
Kotak Mahindra
LIC
UIICL
ICICI Lombard


6. Reserve Bank of India will issue coins of _____ denomination to commemorate golden jubilee (50th) year of Indo-Pak War 1965 ?

2 rupees
5 rupees
15 rupees
100 rupees
None of These


7. Oil and Natural Gas Corporation (ONGC) bought 15 % stake in _____’s second-largest oil firm Rosneft for about 1.35 billion USD ?

Russia
China
Japan
USA
None of These


8. Government cancelled licence of _____, a non-profit Non-Governmental Organisation (NGO) for mixing foreign and domestic funds and not disclosing the movement of its funds ?

Globepeace India
Greenfuel India
Greenpeace India
Greenphase India
None of These


9. Reserve Bank of India (RBI) declared _____ as Domestic Systemically Important Banks (D-SIBs) ?

HDFC and ICICI Bank
State Bank of India (SBI) and HDFC Bank
State Bank of India (SBI) and ICICI Bank
AXIS and ICICI Bank
None of These


10. Government released ______ rupees to Employees Pension Scheme (EPS) (1995) as its contribution for 2015-16 ?

3000 Crore
5000 Crore
6000 Crore
8000 Crore
2,000 crore


11. India joined UN-based ______ for Digitization of Payments and promote financial inclusion programme Pradhan Mantri Jan-Dhan Yojana (PMJDY). Under PMJDY, in one year, over 18 crore bank accounts were opened with deposits over $3.4 billion. ?

Better Than Case Alliance
Better Than Cash Alliance
Bitter Than Cash Alliance
Bitter Than Case Alliance
None of These


12. Indias economy grew at _____ in first quarter of 2015-16 (April to June 2015) as compared to 7.5% Growth Rate in Last quarter of 2014-15 (January to March 2015) as measured at market prices. ?

7%
5 %
6 %
6.5 %
None of These


13. Government approved merger of commodities market regulator _______ (FMC) with SEBI (Securities and Exchange Board of India) with effect from September 28, 2015 ?

Forward Markets Commodities
Fuel Markets Commission
Forward Markets Commission
Forward Money Commission
None of These


14. Competition Commission of India imposed penalty on _____ for indulging in anti-competitive activities ?

MP Film Exhibitors Federation
Rajasthan Film Exhibitors Federation
Karnataka Film Exhibitors Federation
Kerala Film Exhibitors Federation
None of These


15. Reserve Bank of India cancelled license of _____ due to several irregularities and ignoring financial rules and regulations ?

DHFL
LIC HFL
Indiabulls
Canbank Home Finance
Sahara India Financial Corporation Limited


16. India and ______ set up a target of USD $ 1 billion by 2018 during Seventh Session of Intergovernmental Commission meet. Ms. Nirmala Sitharaman attended on India's Behalf ?

Belarus
Belgium
Romania
Britain
None of These


17. As per World Federation of Exchanges, India's ______ has highest number of listed companies in the world (5689 Companies) ?

National Stock Exchange
Bombay Stock Exchange
Kolkata Stock Exchange
Inter Connected Stock Exchange
None of These


18. ____ will raise up to Rs. 700 crore through tax free secured non-convertible bonds ?

GAIL
SAIL
BHEL
BEL
NTPC


19. ______ 's first Global Investors Summit began in Chennai seeking investment of over one-lakh crore rupees ?

Karnataka
Rajasthan
Kerala
Tamil Nadu
None of These


20. US-based renewable energy firm SunEdison signed Memorandum of Understanding (MoU) with ______ to develop 2 gigawatts (GW) of wind and solar power projects in the state in next five years ?

Madhya Pradesh
Rajasthan
Tamil Nadu
Gujarat
None of These

21. Government approved _______ hike in Dearness Allowance to Central Government employees, effective from 1 July 2015. ?

6 %
5 %
8 %
9 %
None of These


22. As per Government guidelines, Spectrum trading will now be allowed between two access service providers in ________ band ?

1000 MHz/2000 MHz
800 MHz/1800 MHz
600 MHz/1600 MHz
900 MHz/1900 MHz
None of These


23. India's ______ Organized South Asian Sub-Regional Drug Focal Point Meeting and Drug Demand Reduction (DDR) Expert Group Consultation in Delhi. ?

NDRF
BSF
IAF
Narcotics Control Bureau
None of These


24. Govrnment approved capital infusion of Rs. 800 Crore in _______ to support future growth of the Bank. ?

NABARD
SBI
ECGC
NHB
Export Import Bank of India


25. Government approved National Offshore Wind Energy Policy by making _____ as authorized Nodal Agency for development of offshore wind energy in India to carry out allocation of offshore wind energy blocks and allied functions with related agencies. ?

National Institute of Renewable Energy
National Institute of Solar Energy
National Institute of Wind Energy
Indian Institute of Chemical Technology
None of These


26. Government approved _______ Scheme to reduce demand for physical gold by shifting a part of approx 300 tons of physical bars and coins purchased every year for Investment into gold bonds ?

Sovereign Gold Bonds
Sovereign Gold Bourse
Sophisticated Gold Bonds
Sovereign Green Bonds
None of These


27. Government approved Foreign Direct Investment (FDI) up to _____ under automatic route in activity of White Label ATM (WLA) Operations ?

50 %
100 %
90 %
75 %
None of These


28. Under the revamped Gold Deposit Schemes meant for Mobility of Gold in Economy, any customer can open a Gold savings account with the banks for Minimum _____ amount of Gold within meturity period 1 - 15 Years ?

10 Grams
20 Grams
30 Grams
40 Grams
None of These


29. Under Revamped Gold Deposit Schemes, Government will create a _____ to keep the difference between current borrowing cost and interest rate paid by Government under the deposits. It will act as a pool for Government to handle losses occuring in the process. ?

Gold Reverse Fund
Gold Reserve Fuel
Gold Reverse Fuel
Gold Recurve Fund
Gold Reserve Fund


30. Under Gold Metal Loan Scheme, Gold Metal Loan Account will be opened by banks for jewelers to whom Gold is being provided as loan. Tenure of GML at present is _____ ?

120 days
150 days
180 days
200 days
None of These


31.Government launched _______ online certificate programme in export import business under Niryat Bandhu Scheme of Directorate General of Foreign Trade (DGFT) to train potential exporters for getting into international trade and boost India's exports. ?

Niryat Bandhu @ Apka Sathi
Niryat Bandhu @ Your Bandhu
Niryat Bandhu Apke Aangan
Niryat Bandhu @ Your Desktop
None of These


32. Director General of Safeguards recommended imposition of ____safeguard duty on common variety of hot rolled coil steel for a period of 200 days to check losses to domestic steelmakeers due to sudden surge in steel imports in recent years ?

10 %
20%
30 %
40 %
None of These


33. Government approved Amendment in First Schedule of Industries (Development and Regulation) Act, 1951 to transfer authority to regulate _______ to States as recommended by Law Commission's 158th Report ?

Potable alcohol
Steel
Diesel
Fertilizers
None of These


34. Government approved Preferential Treatment to Least Developed Countries (LDCs) in Trade in Services in WTO by providing Technical Assistance and Waiver of visa fees for LDC applicants. India's DFTF (______) scheme has already done well in helping LDCs for doing Business in India ?

Dual Free Tariff Preference
Dual Form Tariff Preference
Dues Free Tariff Preference
Duty Free Traffic Preference
Duty Free Tariff Preference


35. Indirect Tax Revenue Collections increased to 2,63,089 crore during April-August 2015 from Rs.1,92,677 crore in April-August 2014 (______ up). ?

31 %
27 %
17 %
25 %
None of These


36. _____ acquired Zigwheels (auto portal owned by Times Internet) ?

CarDekho.com
Carwale
Cartrade
CarBazaar
None of These


37. _____ will accquire Kesoram Industries's Tyre Unit - Cavendish Industries Ltd for Rs. 2,200 crore. ?

Krishnapatnam Port
Tata Steel
Reliance
Adani Enterprises
JK Tyre and Industries


38. India's current account deficit came down to _____ of GDP ($6.2 Billion USD) in April - June of FY 2015-16 Quarter as compared to 1.6 % of GDP ($6.2 Billion USD) in same periood last year ? ?

1.2 %
1.4 %
1 %
1.5 %
None of These


39. RailTel of Indian Railways and Google partnered under project _____ to provide free Wi-Fi High Speed (1 GBPS) Internet services in 400 railway stations across India by using Googles Fiber technology. ?

Tej
Nilgiri
Sulabh
Connect
None of These


40. Delhi Metro Rail Corporation (DMRC) will execute Vijayawada Metro Rail Project in ________ to improve connectivity in Amaravati (proposed capital) and surrounding areas. Initial Phase will be completed at estimated cost of 6769 crore rupees by 2018. ?

Andhra Pradesh
Madhya Pradesh
Karnataka
Kerala
Andhra Pradesh


41. Reserve Bank of India and ____ signed an MOU on exchange of supervisory information ?

State Bank of Pakistan
Nepal Rastra Bank
Central Bank of Sri Lanka
Da Afghanistan Bank
None of These


42. In Ease of doing business in India Report by World Bank and Department of Industry Policy and Promotion - Gujarat is Best State with 71.14 % score while _____ is worst with 1.28 % Score ?

Mizoram
Arunachal Pradesh
Meghalaya
Manipur
None of These


43. _____ launched online specific credit card SimplyCLICK in association with seven partners ?

SBI Card
HDFC Bank
ICICI
Axis Bank
None of These


44. e-commerce firm _____ introduced cashless payments in educational institutes for fee payments and related purchases. ?

Flipkart
Snapdeal
Amazon
eBay
PayTM


45. FreeCharge partnered with _____ and payment bank licensee Fino PayTech to launch e-Wallet service ?

SBI
Yes Bank
HDFC
AXIS
None of These


46. Government will provide additional ______ of work in 2015-16 in drought-hit areas under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme. At present, 100 days of work is provided to rural job card holders under MGNREGA ?

50 Days
150 Days
120 Days
75 Days
None of These


47. Government approved Shyama Prasad Mukherji Rurban Mission (SPMRM) with an outlay of Rs. 5142 crores for development of rural growth clusters. Under this scheme, Aim is to create ______ Rurban growth clusters over next 3 years ?

500
200
100
400
300


48. Central Board of Trustees enhanced Insurance benefits under Employees Deposit Linked Insurance Scheme for EPF members from 3,60,000 to Rs ______ during 208th meeting of Central Board of Trustees in Hyderabad ?

6,00,000
7,00,000
5,00,000
8,00,000
None of These


49. Reserve Bank of India approved ____ entities to set up small finance banks to provide basic banking services to farmers and MSMEs out of 72 total applicants ?

20
10
30
40
None of These


50. India Based ____ has been selected as member of global Dow Jones Sustainability Index (DJSI) 2015 for the 6th consecutive year among total of 317 companies selected.?

HCL
Infosys
TCS
Cognizant
Wipro


51. As per a statement by Railways Minister Suresh Prabhu, World Bank will provide aid of ______ to Railways for completing ongoing infrastructural projects. ?

$30 billion
$40 billion
$50 billion
$60 billion
None of These


52. India signed a loan of US $ 123.51 million with ____ for Infrastructure Development Investment Program for upgrading tourism in Punjab, Uttarakhand and Himachal Pradesh. ?

IMF
World Bank
Asian Development Bank
NDB
None of These


53. RBI Announced cut of 50 Basis Points in Monetary Policy Rates in 4th Bi-monthly Monetary Policy Statement 2015-16. New rates are - ?

Repo Rate - 7%, Reverse Repo - 6 %, Bank Rate - 8 %, Marginal Standing Facility - 8 %
Repo Rate - 6.5%, Reverse Repo - 5.5 %, Bank Rate - 7.5 %, Marginal Standing Facility - 7.5 %
Repo Rate - 7.75%, Reverse Repo - 6.75 %, Bank Rate - 8.75 %, Marginal Standing Facility - 8.75 %
Repo Rate - 6.75%, Reverse Repo - 5.75 %, Bank Rate - 7.75 %, Marginal Standing Facility - 7.75 %
None of These


54. SEBI provisioned fine of Minimum Rs. ____ for companies without a woman director on board. ?

60000
70000
80000
90000
50000


55. ___ announced partnerships with Internet Service Providers in India to launch wi-fi enabled broadband services in rural areas Called Wi-Fi Express as part of its Internet.org platform. ?

Google
TCS
Facebook
Microsoft
None of These


56. _____ launched RE60 quadricycle named Qute at a free-on-board (FoB) cost of 1.35 lakh). ?

Bajaj Auto
TATA
Godrej
Toyota
None of These


57. ____ organized MUDRA credit camp in Karnataka's Dakshina Kannada District for those setting up small business units ?

RBI
Syndicate Bank
SBI
BOB
None of These


58. FMC (______) has been merged with much bigger capital markets regulator Securities and Exchange Board of India (SEBI) to create a unified regulatory body ?

Forward Markets Commission
NHAI
LIC
IRDA
None of These


59. Government will Provide Special Assistance of Rs. 1000 crore to _____ Including Rs.350 crore for Development of 7 Backward Districts. ?

Andhra Pradesh
Asasm
Arunachal Pradesh
Goa
None of These


60. SEBI imposed penalty of 7269.5 crore rupees on ____ for not registering company's collective investment scheme that collected thousands of crores from small investors. ?

LIC
SBI
HDFC
PACL Limited
None of These


61. Asian Development Bank lowered Indias GDP growth projections for 2016 to _____from 7.8 % projected earlier due to economic slowdown in industrial countries, weak monsoon, and slow paced reform actions.

7.1 %
7.2 %
7.0 %
7.4 %
None of These


62. ______ and Tata Trusts launched a scholarship programme to educate Indian students in Android development in collaboration with Udacity for offering 1000 scholarships ?

Microsoft
Google
Facebook
HCL
None of These


63. Bharat Dynamics Ltd tied up with _______ to develop missile electronics and weapon support systems for major defence projects. ?

BEL
SAIL
BHEL
GAIL
Electronics Corporation of India


64. Government appointed _____ as agency to implement Electronics Development Fund (EDF) for companies developing technologies in electronics and Information Technology (IT) ?

CANBANK Venture Capital Fund
SBI
HDFC
AXIS Bank
None of These


65. Trust Fund for Empowerment of Persons with Disabilities signed a Memorandum of Understanding with _____ for Swavlamban Health Insurance Scheme for Persons with Disabilities (PwDs) ?

LIC
OICL
UIICL
New India Assurance Company
None of These


66. During PM Narendra Modi's Visit to USA, _____committed to deploy Wi-Fi spots at 400 railway stations across India while Microsoft will take broadband to 600,000 Indian villages.

TCS
Facebook
Google
Adobe
None of These


67. Telecom Company Uninor announced to change its brand identity as _____ India Pvt. Ltd ?

Vodacon
Telenor
Telecomer
Airnor
None of These


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